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Summary

* Indian markets closed on a positive note where buying was mainly seen in IT, Pharmaceuticals, Oil & Gas Sectors. Nifty June Futures closed at 25096.30 (up 234.90 points) at a premium of 93.25 pts to spot.

* FIIs were net buyers in Cash to the tune of 1009.71 Cr and were net buyers in index futures to the tune of 2456.11 Cr.

* India VIX decreased by 3.00% to close at 14.63 touching an intraday high of 15.61.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25300, 25200, 25100, 25000 strike Calls and at 24800, 24900, 25000, 25100 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 25000 strike Calls and 25000 strike Puts, to the tune of 13.86mn and 14.63mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a positive note today and is likely to remain positive during the day.

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